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3 years ago

What was the main economic product of the southern colonies?

Business

1 answer:

andre [41]3 years ago

7 0

Answer:

Hope this helps........The Southern Colonies had an agricultural economy. Most colonists lived on small family farms, but some owned large plantations that produced cash crops such as tobacco and rice. Many slaves worked on plantations.

Explanation:

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Hallmark has a line of cards that is made of recyclable materials and has flower seeds pressed into the paper so once a person h

lutik1710 [3]

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3 years ago

Which part of the federal reserve system serves the daily needs of banks across the country?

Umnica [9.8K]

Reserve banks are part of the federal reserve system that serves the daily needs of banks across the country.

The Reserve Bank serves banks, the U.S. Treasury, and indirectly the public. Reserve banks, often called "bankers' banks," store money and coins and process checks and electronic payments. The Reserve Bank also oversees commercial banks in the region. The 12 district headquarters are Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco

The Federal Reserve Bank is a regional bank of the Federal Reserve System. US central banking system. There are 12 in all, one for each of the 12 Federal Reserve Districts created by the Federal Reserve Act of 1913.

Learn more about Reserve banks here: brainly.com/question/13758092

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2 years ago

Suppose the consumer price index for one year was 120 and for the next year it was 132. what is the corresponding inflation rate

Bond [772]

The corresponding inflation rate is 10%

4 0

3 years ago

$9500 is invested, part of it at 12%, and part of it at 9%, For a certain year, the total yield is $1032.00. How much was invest

notsponge [240]

Let us assume the amount invested at 12% = x
Let us assume the amount invested at 9% = y
Total amount invested = $9500
Total yield = $1032
Then
x + y = 9500
x = 9500 - y
and
0.12x + 0.09y = 1032
Putting the value of "x" in the second equation, we get
0.12(9500 - y) + 0.09y = 1032
1140 - 0.12y + 0.09y = 1032
0.03y = 108
y = 3600
Putting the value of y in the first equation, we get
x = 9500 - 3600
= 5900
I hope the procedure is clear enough for you to understand.

8 0

3 years ago

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

pav-90 [236]

Answer:

January 1, 2018

Dr Investment in bonds 220,000,000

Cr Cash 201,000,000

Cr Discount on investment in bonds 19,000,000

June 30, 2021

Dr Cash 8,800,000

Dr Discount on investment in bonds 1,250,000

Cr Interest revenue 10,050,000

December 31, 2018

Dr Cash 8,800,000

Dr Discount on investment in bonds 1,312,500

Cr Interest revenue 10,112,500

discount amortization = ($201,000,000 x 5%) - $8,800,000 = $1,250,000

discount amortization = ($202,250,000 x 5%) - $8,800,000 = $1,312,500

4 0

3 years ago